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Stocks - Walmart, Home Depot and Kohl's Rise Premarket

Published 08/18/2020, 07:59 AM
Updated 08/18/2020, 08:03 AM
© Reuters.

By Peter Nurse 

Investing.com -- Stocks in focus in premarket trade on Tuesday, August 18th. Please refresh for updates.

  • Walmart (NYSE:WMT) stock rose 0.7% after the retail giant posted its biggest-ever growth in online sales as consumers decided to shop from the safety of their homes during the Covid-19 pandemic.

  • Home Depot (NYSE:HD) stock rose 1% after reporting a 23% jump in same-store sales in the second quarter, as consumers took on more home improvements while stuck at home.

  • Kohls (NYSE:KSS) stock rose 0.6% after posting a smaller-than-expected quarterly loss, helped by an increase in its online sales increase following the lockdowns. 

  • Oracle (NYSE:ORCL) stock rose 2.8% after the Financial Times reported Tuesday that the tech giant has held preliminary talks with TikTok's Chinese owner, ByteDance, and was considering buying the app's operations in the United States, Canada, Australia and New Zealand. 

  • Boeing (NYSE:BA) stock fell 0.1% after saying that it would offer employees a voluntary layoff package with pay and benefits for the second time this year, attempting to cut costs as it battles a severe slowdown in global air travel.

  • Amazon (NASDAQ:AMZN) stock rose 0.6% after the Wall Street Journal reported that the e-commerce giant is set to add 3,500 employees in six major cities, taking a bet on office-based work in the future.

  • Chevron (NYSE:CVX) stock fell 1.2% despite reports the oil major plans to sign a deal to explore for oil in Iraq’s southern province of Dhi Qar.

  • Tesla (NASDAQ:TSLA) stock rose 2.2%, continuing the sharp gains of over 30% over the last five days since announcing its plans for a 5-to-1 share split, making co-founder Elon Musk the world’s fourth-richest person.

  • Zoom Video Communications (NASDAQ:ZM) stock rose 1.6% after the company said it has opened a new data center in Singapore, its first in Southeast Asia.

  • Zoominfo (NASDAQ:ZI) stock dropped 3.4% after the sales and marketing software company filed for the sale of 12 million shares by selling stockholders. The company went public in early June.

  • Carnival (NYSE:CUK) stock dropped 0.2% after the cruise operator said on Monday it had launched an investigation into a ransomware attack on one of its brand's information technology systems.

  • Sea Ltd (NYSE:SE) stock climbed 7.1% after the internet platform provider posted a doubling of revenue in the second quarter, helped by strong growth at e-commerce platform Shopee and gaming arm Garena.

 

Latest comments

home improvement is done. next quarter sales going to crash. short both Kohl's and HD
sure except when you have cash and you can't go out then what do guys do??? Build something, go to HD and buy tools to remodel something.besides what do companies do when everything falls, build. HD filled here, at least that is what i see here in Houston, Texas. HDs parking lots over here are usually filled and Lowe's are too. More time ppl spend at home means they will do upgrades because they are tired of seeing the same ol' thing day after day. If they are at work at a office, then they dont see it as much so they might take a vacation instead of upgrading the kitchen.Yes, people are upgrading more than usual.also i see ppl out of work going to construction and outside work such as lawns and flowerbeds.If you are going to short HD might as well short TSLA and let me know how that panned out.HD and Lowe's are both in my long term portfolio during this pandemic.
KOHLS down 7% WMT sold off premarket and so did HD.
ya we know. we don't need 3 articles in a row about Walmart posting gains
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